FOR IMMEDIATE RELEASE
September 6, 2011
Goldmark praises board action to keep current percentage of state timber funds flowing to schools, local governments
State Board of Natural Resources seeks to continue current authority on trust land management fees
OLYMPIA – With timber prices remaining strong, the Washington State Department of Natural Resources (DNR) can continue to deduct less than the full statutorily approved management fee from the revenue produced from state lands for trust beneficiaries, such as schools and counties. The Board of Natural Resources today approved a request by Commissioner of Public Lands Peter Goldmark to retain DNR’s current 27 percent management fee, which is 10 percent lower than the maximum fee authorized by the state legislature.
“It is fiscally prudent in this economic downturn to do everything we can to keep non-tax revenue flowing from state lands to schools, universities, and local governments,” said Commissioner of Public Lands Peter Goldmark.
Beneficiaries of state trust lands include public K-12 schools statewide, several counties, the state universities, the State Capitol campus, and state penal institutions. DNR retains a portion of the revenues it produces from those lands to pay for replanting forests, improving habitat, assuring clean water, and other important forestland management activities.
The board today also voted to ask the 2012 Legislature for authorization to retain the current management fee ceiling of 30 percent on revenue from most state trust lands.
DNR also manages several hundred thousand acres of state trust land that benefits counties and their junior taxing districts, such as schools, hospitals, libraries and emergency services. The board today approved a proposal by Goldmark to retain that management fee at 23 percent and ask the legislature to authorize a fee ceiling of 25 percent.
DNR manages state trust lands
DNR manages more than 5.6 million acres of state-owned forest, range, commercial, agricultural, conservation, and aquatic lands. Of these, some 2.1 million acres are forested state trust lands managed to produce income to support public schools, universities, prisons, and other state institutions. These working forests also provide other public benefits, including outdoor recreation, habitat for native fish and wildlife, and watersheds for clean water. DNR is administered by Peter Goldmark, the 13th Commissioner of Public Lands since statehood in 1889.
Media Contact: Bryan Flint, Director of Communication and Outreach, 360-902-1023, email@example.com
# # #